On August 16, 2025, the Dogecoin community expressed strong support for Litecoin, highlighted by an official post on the Dogecoin X account at 07:53 EDT, stating, ”Dogecoiners support Litecoin. Always have, always will.” This message, accompanied by a link to a related discussion, underscores the ongoing camaraderie between the two cryptocurrency communities. The post coincided with notable market activity, as Dogecoin’s price showed resilience, trading at approximately $0.2674 with a 24-hour decrease of 2.12%, according to BitScreener data from earlier this week. The cryptocurrency’s market cap stood at $34.78 billion, with a 24-hour trading volume of $2.51 billion, reflecting sustained interest. Over the past seven days, Dogecoin gained 16.51%, indicating a positive trend despite short-term fluctuations. On-chain data revealed significant whale activity, with reports of over 800 million DOGE purchased by large investors in the last 48 hours, as noted by BlockBeats on April 15, 2025, suggesting strong accumulation. Additionally, the House of Doge, a corporate arm of the Dogecoin Foundation, launched a 10 million DOGE reserve on March 24, 2025, aimed at enhancing global payment capabilities by improving transaction liquidity and stability. This initiative included a purchase at current market value to support seamless payment adoption. Market analysts, including those from Cointelegraph, noted a potential 55% rally to $0.31 if the $0.20 support level holds, with trading volume spikes and a breakout from a three-month descending trendline on March 24, 2025, fueling optimism. The total supply of Dogecoin remains unlimited, with a block reward of 10,000 DOGE per minute, maintaining its inflationary model.
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